Campbell’s price target lowered to $28 from $30 at Morgan Stanley

Morgan Stanley analyst Megan Alexander Clapp lowered the firm’s price target on Campbell’s (CPB) to $28 from $30 and keeps an Equal Weight rating on the shares. In “an already challenging backdrop” for U.S. food stocks, the firm sees rising competitive risk as value-focused pricing, promotions, and private label momentum reaccelerate into 2026, the analyst tells investors in a note on the group.